Auction Property: 5935 S Broadway Ave
TUESDAY, NOVEMBER 27, 2018 6 PM
ABSOLUTE AUCTION! This mature mobile home park is a good investment opportunity. This established park consists of 4 tax units and is permitted for 16 lease lots. It currently has 13 lots (81%) leased. It also includes a 955 sf site built building and a 800 sf manufactured home currently leased. There is a 1500 sf DW live-in office that is currently vacant that could be used for manager, or simply leased out as a residence. This property currently has a $2320 monthly gross income ($27,840 annual) with minimal expenses. It has its own water (2 wells) and septic systems. I has long established tenants with no written leases and no deposits on record, therefore no deposit transfer. All December rents to remain with seller.
This property is selling As-Is Where-Is, in its present condition and will be accepted by the buyer(s) without any expressed or implied warranties or representations from the seller(s) or their agent(s). It is incumbent upon the buyer(s) to exercise their own due diligence prior to bidding on this property. It is also the responsibility of the prospective buyer(s) to have any and all inspections completed prior to the auction day including, but not limited to, roof, structure, termite, environmental, groundwater, flood designation, presence of lead-based paint and/or lead-based paint hazards, presence of mold or radon gas, electrical, mechanical, plumbing and any other desired inspections, if any.
Information given is from sources deemed reliable but NOT guaranteed by the seller(s) or the Realtor(s) / Auctioneer(s). Announcements made the day of the auction shall take precedence over anything previously stated or printed. Selling to the highest bidder subject to Seller approval. A 10% Buyers Premium will be added to high bid achieve to achieve full contract price. Taxes to be prorated to closing date. Buyer will accept any and all easements, restrictions, roadways, and right-of-ways of record. Title policy and closing costs shared equally between buyer and seller. $10,000 non-refundable earnest at contract signing to KST. Closing on or before December 27, 2018 at KST. Possession at closing.
This property is part of a multi-broker, multi-property auction hosted by MBMP Auction.
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Aloft Wichita 3642 N Oliver Ave, Wichita, KS 67220